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Recent Grads Struggling to Pay Student Loans (Over 2/3 graduate with debt)
ABC News ^ | 10/26/2011 | Maggy Patrick

Posted on 10/26/2011 8:29:47 AM PDT by SeekAndFind

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To: HereInTheHeartland
They're still paying extra to give "scholarships" to Eric Holder's people.
61 posted on 10/26/2011 11:28:01 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
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To: HereInTheHeartland
They're still paying extra to give "scholarships" to Eric Holder's people.
62 posted on 10/26/2011 11:28:29 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
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To: E. Pluribus Unum
Totally agree with you.

Just pointing out that a lot students treat college as a 4 year party and borrow the $$ for it. And that there is a different (and much better) way if they work hard.

But that is a different point than what you brought up.

63 posted on 10/26/2011 11:32:12 AM PDT by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: SeekAndFind
Many of them no doubt are getting their degrees from diploma mills like the University of Phoenix, etc.. I saw a show a few months back about all of the buyer's remorse from people who had gotten their degrees on-line from them. These “universities” are popping up along side every major loop in America and they primarily get their funding from the attendees getting guv’ment loans.
64 posted on 10/26/2011 11:34:34 AM PDT by crusty old prospector
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To: Blue Ink
I went back to college in SoCal...in 1988-1990 or so. Got my degree...and paid for it all myself. I had a family at the time...and worked part-time while going to school.

Bot myself a job...really. And it was cheap, actually.

65 posted on 10/26/2011 11:37:23 AM PDT by Osage Orange (Si Vis Pacem, Para Bellum)
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To: Osage Orange
We met a kid while hiking in the mountains of Colorado this summer that was getting a degree in Boulder in Wilderness Therapy. What a racket.
66 posted on 10/26/2011 11:38:17 AM PDT by crusty old prospector
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To: crusty old prospector
Sounds like a "Hunting Degree" to me.....

I will be going for some "Therapy" this afternoon..... : )

67 posted on 10/26/2011 11:44:32 AM PDT by Osage Orange (Si Vis Pacem, Para Bellum)
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To: dfwgator

You are correct. With each turn in an individual’s career path, they gain intellectual value (learning by the seat of their pants with actual “hands on” experience) and ensure their value to current or potential employers or the ability to produce income through their own efforts.


68 posted on 10/26/2011 11:46:36 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: dfwgator
I've had two solid careers...so far.

I've had 3 or 4 minor careers. A couple of the minor's are very good. Ha!!

69 posted on 10/26/2011 11:53:26 AM PDT by Osage Orange (Si Vis Pacem, Para Bellum)
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To: oh8eleven

Hey, FRiend, some young people are whining, but a lot of others aren’t; you just don’t hear from them because they’re too busy working.

My daughter just graduated in May. Had a job lined up since February, then the job fell through in mid-August. She started sending out resumes and was sitting at her desk in a new job by mid-September. She doesn’t whine; she’s a conservative.

Her boyfriend, same thing: works his hindquarters off.

They’re not asking anyone to pay off their college loans. Millions don’t. Not everybody who goes to college gets a degree in basket-weaving. Some people actually get useful job skills as well as a knowledge of Western civilization.


70 posted on 10/26/2011 12:44:31 PM PDT by ottbmare (off-the-track Thoroughbred mare)
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To: crusty old prospector

“getting a degree in Boulder in Wilderness Therapy”


Best laugh I’ve had all day He probably can’t add w/o a calculator or count back change.

I wonder if they offer Urban Therapy too.Just curious.


71 posted on 10/26/2011 12:58:45 PM PDT by Mears (I can't take anymore of this.)
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To: Fresh Wind
Meanwhile, college endowments are rising too...

All told that adds up to 141.9 billion which leaves about 86% of outstanding loans hanging in the breeze. It's a start, but not that much of one. I most assuredly think Barky's plan of "loan forgiveness" should never see the light of day.

If you were dumb enough to sign up for $150,000 worth of loans, you get to figure out how to pay it back. Welcome to reality.

Regards,
GtG

72 posted on 10/26/2011 1:36:57 PM PDT by Gandalf_The_Gray (I live in my own little world, I like it 'cuz they know me here.)
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To: Mears; Osage Orange
I thought is was a joke myself until I went home and googled it.

From Wikipedia: Wilderness therapy is a subset of adventure-based therapy. It is the use of wilderness expeditions for the purpose of therapeutic intervention. There are a range of different types of wilderness therapy programs, with a range of models and approaches. Some grow out of a survival approach and some out of an Outward Bound approach. Their aim is guiding participants toward self-reliance and self-respect.The pioneers in the field of wilderness therapy were Larry D. Olsen and Ezekiel C. Sanchez at Brigham Young University; Nelson Chase, Steven Bacon, and others at the Colorado Outward Bound School; Rocky Kimball at Santa Fe Mountain Center and many others.

There is much more gobbliegook than that on the site. Sounds like they are aiming for corporations to pay for their metrosexual office workers to have a team-building exercise. "Uoooh, Sven. Is that real deer do-do? That is so groooos. When do we get to hold hands around the fire and sing "We are the World?"

I also know of a degree at my alma mater that one of my daughter's friends is getting called "Event Planning." I told her that it sounded like something that you spent a weekend at a Holiday Inn conference center to learn how to do.

73 posted on 10/26/2011 1:44:16 PM PDT by crusty old prospector
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To: SeekAndFind
“..Two-thirds of all college students now graduate with debt...”

Shame on the colleges and universities for this travesty. The Feds need to get out of the way and let the natural course of events take hold. The large expensive schools should be shunned, community colleges promoted. Kids don't need to go where they want, or where their friend is going, or because the place is a party school. They should go where they can afford to pay the bill. And what is wrong with working on or off campus to defray some of the expenses. And, how much of these loans went to the cost of these ridiculous “spring and fall breaks.”

OK, I let the cat out of the bag as being from an ancient generation where there were no such breaks. And no such thing as a college loan program.

74 posted on 10/26/2011 1:57:17 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: SeekAndFind

Government distorts every market it sticks it’s stupid little hands in. From healthcare to housing to education. Bubble making morons.


75 posted on 10/26/2011 1:57:57 PM PDT by jwalsh07 (t)
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To: crusty old prospector

Event planning? Weddings,funerals,Bar/Bat Mitzvahs,sit-ins,terrorist attacks,marathons,and birthdays are all events. Pretty funny.

Thanks for the info on Wilderness Therapy. I hope all the grads get lots self-reliance and self-respect.It my day we got it by staying out of trouble,getting an education or trade,and supporting ourselves. Seemed much simpler then.


76 posted on 10/26/2011 2:00:34 PM PDT by Mears (I can't take anymore of this.)
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To: SeekAndFind

Why all the criticism of people’s talents and interests? If people want to major in art history... well, that’s one thing universities are for, and it’s strictly their business... AS LONG AS THEY DON’T EXPECT ME TO PAY FOR IT.

Without a communications major, you wouldn’t be able to field your beloved USC Trojans or Oklahoma Sooners. Talent is talent, on or off the field.

The point is, even surgeons are on shaky ground financially when they graduate a quarter million dollars in the hole. Nobody should be borrowing that much money to go to college. Nobody. Not doctors, not engineers, not art history majors.


77 posted on 10/26/2011 3:38:30 PM PDT by Blue Ink
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To: floridarunner01

While tuition may have increased dramatically, someone has to use some common sense here. My daughter went to a very expensive private college and wanted to live in a dorm on campus but the cost did not justify the expense so I told her if she wanted to attend that particular school she would have to find a way to do it on a budget, and she did, through scholarships, working part-time, student loans, and of course my assistance. I could have told her sure lets get a student loan and not worry about it and she would have rung up over $100K in debt. I was not going to let that happen. And IMHO the degree has everything to do with it. If you go into big debt for a degree in woman’s study,history,literature, etc so you can be a school teacher then you deserve it.


78 posted on 10/26/2011 4:32:18 PM PDT by martinidon
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To: martinidon
This just so PISSES me off! I graduated with student loan debt. I took an entry level job and worked my way up while paying off mine and my wife's student loans. It took 3 or 4 years but we paid them off! My oldest daughter went through college and graduate school and used student loans to fund about half of her education.

There are probably a couple of million people who did the same thing as you. We can't let this stand. It is conservatives who needs to make our voices heard. We have no voice in Washington. The republicans are totally letting him circumvent congress in doing this. We have no representation.

79 posted on 10/26/2011 4:37:15 PM PDT by jersey117
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To: raygunfan

I graduated 2006 and by 2009 paid off all my outstanding debts. The bank was pissed I paid them off faster that they think they could raise my interest rates.

In hindsight, probably the reason why i prolonged it was because my liaison officer was hot and I kept bugging her to go out with me.


80 posted on 10/26/2011 5:48:34 PM PDT by max americana
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